Co-living

Coliwoo to acquire S$101 million Changi asset from ESR-Reit

The property’s location in Changi Business Park provides access to an established corporate tenant base

Co-living operators fill a clear gap by serving foreign students and foreign professionals working in Singapore.
NEWS ANALYSIS

Co-living operators could thrive even as property curbs, regulations crimp rental market

They offer a way to invest in property and benefit from rental income, without having to deal with the restraints on short to mid-term stays

The Assembly Place began operating a community living model in 2021 as a social experiment. Its chief executive Eugene Lim (above), who comes from a real estate background, wanted to see if co-living could work in Singapore.

Co-living operator The Assembly Place opens 34.8% above IPO price in Catalist debut

It rises 45.7% above its initial public offering price to S$0.335 in early trade

The Assembly Place executive director and CEO Eugene Lim says the immediate priority for the group is to grow rapidly in Singapore.

Co-living operator The Assembly Place launches Catalist IPO at S$0.23 a share

The company will have an estimated market capitalisation of about S$88.1 million post-listing

The sale is part of Coliwoo’s transition to a more asset-light business model.

Coliwoo disposes Pasir Panjang co-living hotel space in S$43.9 million sale-and-leaseback deal

Estimated net proceeds of S$15.3 million will be used to repay working capital loans owed to LHN Group and for general working capital purposes

Coliwoo has allocated S$34 million of its IPO proceeds to the expansion and asset enhancement of co-living businesses.

Coliwoo enters joint venture to acquire 1 King George’s Avenue property for S$40 million

Rehau Building will be turned into a co-living space in this JV with Macritchie Developments

The co-living business of property management services group LHN earlier announced the launch of its first property since its Nov 6 mainboard debut – in the first quarter of 2026.

Coliwoo expects stronger core profit despite lower net profit before tax for FY2025

Lower net profit is attributed to absence of net fair value gain on investment properties in the financial year ended Sep 30

With Coliwoo Midtown (pictured) sited at a prime area between Bugis, Bras Basah and Rochor, its launch complements existing Coliwoo properties in Keppel, Beach Road and Orchard.

Coliwoo to launch 6-storey co-living space in Middle Road in Q1

The redevelopment cost for the project is S$20 million

Lim Keong Wee, co-founder and director at Cover Projects.
THE LEADERSHIP PLAYBOOK

Genting scion Lim Keong Wee takes principles from ‘university of life’ to build his wellness empire

Initial Sama serviced residence is part of strategy to grow its leasing and management portfolio